The Traderszone Network

Published in TZ Latest News 5 November, 2016 by The TZ Newswire Staff

Elon Musk and Tesla Not Hedging Bets on SolarCity

Investors didn’t get a lot of clarification during a Monday conference call about what a merger between Tesla Motors (NASDAQ: TSLA) and SolarCity (NASDAQ: SCTY) would look like, but Elon Musk made one thing clear: he’s not hedging his bets on SolarCity, and will fully incorporate the company into Tesla. SolarCity won’t be a subsidiary and won’t be bankruptcy-protected in any way, so Tesla is, in a sense, hitching its wagon to SolarCity. 

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